Overfunded Indexed Universal Life Insurance Policy [2 Different IUL Policy Designs to Consider]

An Overfunded Indexed Universal Life Insurance Policy allows you to design your policy so that the total premium is up to, but does not exceed, the MEC limit. However, there may be benefits to overfunding life insurance with a higher death benefit so that you have the option of storing more cash in your IUL policy down the road. Our IUL Specialist Jason Herring dives into the numbers to show you two different overfunded indexed universal life insurance illustrations. And remember, at the end of the day, the most important thing when designing an overfunded life insruance policy is to make sure that your needs and goals are being met.

📖 Chapter Timestamps ⏰
0:00 Intro: Overfunded Indexed Universal Life Insurance
1:00 What does it mean to Overfund an IUL Policy?
2:02 Buyer Beware: Fund the Policy the Right Way
2:38 Overfunded Indexed Universal Life Case Study
3:32 Minimum Non-MEC Death Benefit
4:10 Guideline Maximum Level to Avoid a MEC
5:21 Potential Downside to this Design
5:49 Second Policy Design Option
7:36 "This Policy is Not Optimized"
7:53 The Key is to use a Chassis with Low Costs
8:49 It is really important to consider your goals
10:05 Next Steps

🔎About Jason and Steve

✅Jason Herring
* 13+ years Asset Protection, Estate and Wealth Transfer Planning
* Indexed Universal Life Insurance Specialist
* Series 6, 63 and 65 registrations.
* IUL Strategist & Coach

✅Steve Gibbs
*24+ years Trust and Estate Planning Attorney
*Co-Founder of Insurance and Estates
*Infinite Banking Advocate & Coach

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💥Connect With I&E! Schedule a Conversation with Jason to Discuss Strategies for Your Family, Your Investments, or Your Business, using Your Own numbers –
https://calendly.com/jason-491/30min?month=2023-10 or email 📧 request at: [email protected] 💥

🔎Books and Resources: https://www.insuranceandestates.com/resources/ 🔎
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➽➽➽DISCLAIMER: All content in this video is for educational purposes only and is not to be interpreted as personal financial advice. Always do your own due diligence.